CALCMONEY // MORTGAGE // IA
Calculate your monthly mortgage payment using Iowa-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$240,435
6.76%
1.33%
3.8% flat
How today's 6.76% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.76% | — |
| 2024 avg | 7.18% | -0.42% |
| 2023 avg | 7.61% | -0.85% |
| 2022 peak | 7.44% | -0.68% |
| 2021 avg | 3.36% | +3.40% |
| 2020 avg | 3.16% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Iowa market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $1,249 |
| Property Tax | $266 |
| Homeowners Insurance (est.) | $80 |
| Total Monthly Payment (PITI) | $1,595 |
$48,087
$257,236
$68,377/yr
$240,435 is the median home price across Iowa, set against a $75,501 median household income for a 3.2x price-to-income ratio, 43% below the national median price.
Property taxes in Iowa average 1.33% of assessed value, above the 1.1% national average. On the median home, that's $3,198 a year, or $266 added to the monthly payment.
Unlike the nine no-income-tax states, Iowa taxes wage income at 3.8% flat. Worth running your actual take-home pay against the $1,595/month payment here before locking in a target price.
Day-to-day expenses statewide track at 90 against the national 100 baseline, below average once you look past the mortgage payment itself.
Iowa's median home price runs almost identical to Alabama, both landing close to $240,435.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $192,348 loan saves $8,656 in interest over 30 years.
Compare Top Iowa Mortgage Lenders